Jan 14, 2013 11:30pm PST
the fiscal cliff debate, congress allowed a temporary cut in social security taxes to expire, mean that social security taxes have increase thousand by 2%. economists anticipate the payroll increase tax hike will reduce u.s. house hold incomes by a collective $125 billion this year. >>> a another brutely cold night and into tomorrow morning. it is going to be freezing and below freezing once again. a look here at the pattern. we remain with the trough to the east of us. a ridge of high pressure to the west, but this ridge is slowly nudging east, and eventually, by midweek wednesday and lasting into the weekend, it will be overis, and that is going to bringis warmer weather. so warmer weather on the horizon, it's not going to be here in time for tomorrow morning. tomorrow morning very cold once again. lows sinking back into the 20s and 30s. if you're just joining us, freeze and frost advisories once again, freeze for our inland valley location,, that frost will be with you as you start the day, perhaps even a little bit of black ice. tomorrow morning 27 in santa rosa. upper 20s in c
Jan 16, 2013 4:00am PST
the election and during this tax battle, it could get even worse, because under a 2010 law, dodd-frank, public companies are supposed to disclose the relationship between what their ceo makes - that's already public information - but they are supposed to compare it and give a ratio with what their median employee, kind of the typical employee, makes. so this is something that people can compare from company to company just to see how much more - "wow, the ceo makes 300 times more than the typical worker here!" > in some companies it wouldn't be that dramatic - an investment bank, for example. but at other companies - you had mentioned earlier wal-mart - it would be a hugely divergent number. > > take goldman sachs. their ceo makes a lot of money, but there are a lot of people at goldman sachs who also make a lot of money. so the disparity wouldn't be as great maybe as wal-mart or some retailer where you have a ceo who probably makes a lot, but you have a lot of minimum-wage workers. so that is going to be a big disparity. > also in corporate governance, we are going to know a little bit more a
Jan 16, 2013 11:30pm PST
less than estimated in tax revenue. but california didn't come away empty handed. it's still expected to take in $1.6 billion from taxes on the sale of facebook stock. >>> organizers say the maverick surf contest is on. they will be facing what could be monster waves. if you want to watch, you'll have to keep your distance. >> reporter: the surf was low today at pillar point, but these waves are expected to grow to monsters by this weekend. fed by a pacific storm, and a strong swell. jeff clark, maverick's invitational contest director says the waves are near perfect. paddle surfer denten chase says although the water seems calm today, the surf here can change quickly to produce world class waves. >> a certain size threshold. i wouldn't go out when it's really big, but i will go out in some size, yeah, and even watch from the shoulder sometimes. >> reporter: the contest was last held in 2010. big waves swept into the spectator area, seriously injurying several people. this year, the crowds will be kept off the beach and off the bluff overlooking the competition. >> the county agencies
Jan 17, 2013 11:30pm PST
will reveal their role into the new sales tax requirement. some industry experts say the new requirement helps level the playing field with brick and mortar stores. >>> designers are shopping now for train cars and expect to have bids for the first section tomorrow. california system is also teaming up with amtrak which is planning high speed trains for the east coast. the two figure the combining buying power will lead to better deals. >>> a pilot from bakers field has suffered a lawsuit after experiences brain damage from a leak. the pilot was rushed to the hospital after being found unconscious in his hotel room. the pilot accuses the hotel owner, hilton of misconduct. >>> the lithium batteries caused -- the americans are federal safety investigators and two representatives from boeing. >>> american airlines unveiled its new logo today it is the first change in 40 years. the word american appears in large letters and there are red and blue horizontal bars on the tail. another change may be coming. american is expected to decide soon if it will merge with u.s. airways. for what it's worth u.
Jan 15, 2013 11:30pm PST
. >> homes for people, tax revenue to our schools and it'll be a really true asset to this community. >> reporter: think of something like this. developers claim they may let a few owners remain briefly but some boaters are daring to be evicted. paul suple has been here for 20 years. >> i'm staying because this is the state of california, the people's property right here. >> reporter: the state's land commission may some day reopen the outer marina but as of midnight tonight, sailors are more or less homeless. >> boating is an adventure and it's on to the next adventure for us. >> reporter: at midnight they plan some sort of civil disobedience. >> reporter: shares in apple fell today and kept falling. shared dropped below the 500 level closing at $485 at the close. that's a loss of more than 3% today and nearly 9% for the year. reports that apple has reduced orders for the iphone 5 parts have apparently scared off investors. the markets were mixed today on wall street. the dow gained 27 points the nasdaq lost six. it was dragged down by those apple shares, while the dow was rallied.